The Toronto-based AI hardware company reported nearly US$2.9 billion in revenue for the second quarter of 2025, up nearly 21 per cent from the same period last year. It increased its full-year revenue forecast by US$700 million, to US$11.55 billion. (The Logic)
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The Toronto-based AI hardware company reported nearly US$2.9 billion in revenue for the second quarter of 2025, up nearly 21 per cent from the same period last year. It increased its full-year revenue forecast by US$700 million, to US$11.55 billion. (The Logic)
Talking point: Celestica’s cloud-computing business helped drive its returns, with revenue in the segment increasing 28 per cent year-over-year to nearly US$2.1 billion. Demand for cloud servers and storage has spiked with the AI boom, driving Celestica’s stock up more than 850 per cent in the past two years. The company’s share price increased more than 20 per cent to bring its market capitalization to $32.8 billion on the earnings news Tuesday morning, replacing Montreal-based CGI as Canada’s third most valuable tech company.
Correction: This story has been updated to clarify what Celestica does.
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